Insurance Thought Leadership

Gallagher | February 13, 2020

Arthur J. Gallagher & Co. has acquired Affiliated Benefit Consultants in Oakbrook, IL. Terms of the transaction were not disclosed. Affiliated Benefit Consultants, founded 1986, provides a range of benefits consulting services to clients throughout the US. Following the transaction, Affiliated Benefit Consultants president John Araujo and his associates will continue to operate in their current location under the direction of Gallagher Great Lakes region employee benefits consulting and brok...

Consumer group | April 24, 2020

The Consumer Federation of America (CFA) and the Center for Economic Justice (CEJ) have updated their scorecard for insurance companies and their auto insurance premium rebate measures, concluding that some of the largest insurers in the US are short-changing their customers. Both consumer groups noted that US auto insurers will return a total of over $7 billion in premium refunds and credits to customers through May. Despite this, the drop in auto insurance claims driven by reduced drivi...

RISK MANAGEMENT

PCMI Corporation, Equality Asset Management | January 21, 2021

PCMI (Policy Claims Management International), a main supplier of administration software for the automotive, consumer and industrial warranty and service management markets reported its first equity investment from Boston-based growth equity firm, Equality Asset Management, and Chicago-based, First Analysis. Financial terms were not revealed. PCMI offers a cutting edge set-up of software answers for policy administration, claims management, risk management and the financial manag...

Novidea, Xceedance | February 05, 2020

Data-driven insurance distribution platform Novidea has announced a partnership with Xceedance, a provider of insurance consulting, managed services, technology, data sciences and blockchain services. Novidea provides a cloud-based platform that connects insurance distributors to a digital insurance ecosystem using the Salesforce Cloud and artificial intelligence. The partnership with Xceedance will allow Novidea to scale up its operations to meet a growing demand, the company said. “Our g...